Homework Answers
The correct answer is option a. A part-time worker who wishes to work full-time will be considered unemployed as the worker is involuntarily involved in a part-time job.
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Using the official measure of unemployment, which of the following people is considered unemployed? Select one:...
Question 15 1 pts Official unemployment is identified as when: a worker leaves her job to...
Question 15 1 pts Official unemployment is identified as when: a worker leaves her job to attend school full-time. O a worker who is not currently employed is searching for a job unsuccessfully. O a worker retires from her job. a worker who is not currently employed stops searching for a job because she feels there is no job available for her. a worker who is not currently employed stops searching for a job. Question 16 1 pts The main...
Which of the following individuals would be considered unemployed by the official government definition? Select one:...
Which of the following individuals would be considered unemployed by the official government definition? Select one: O a. George, a mathematician, who returned to graduate school after failing to find a job the last four months b. Gwen, a medical student, who is still in college and is not working c. Morgan, who is employed part-time but desires a full-time job d. Ralph, an auto worker vacationing in Florida during a layoff at a General Motors plant O
Which of the following is a shortcoming of the unemployment rate? Choose one or more: A....
Which of the following is a shortcoming of the unemployment
rate?
Choose one or more:
A. There are too few observations collected monthly. The
small sample size causes inaccurate measurements.
B. Temporary workers are not counted as
employed.
C. If someone is working at a lower-paying job but is
qualified for a higher-paying job, he/she is counted as
unemployed.
D. The unemployment rate does not include discouraged
workers.
Which of the following can lower the level of frictional
unemployment over...
QUESTION 22 Which of the following people are not considered part of the official US labor...
QUESTION 22 Which of the following people are not considered part of the official US labor force? a 20 year old working part-time while attending college a person who lost his job and gives up looking for a new one a laid-off steel worker a free-lance blogger QUESTION 23 Who gains from unexpected inflation? savers lenders retired people on fixed incomes borrowers QUESTION 24 If the nominal interest rate is 8% and the inflation rate is 2%, then the real...
Using the definition of unemployment, which of the following individuals would be unemployed? Select one: a....
Using the definition of unemployment, which of the following individuals would be unemployed? Select one: a. Because of a reduction in the military budget, your next door neighbor loses her job in a plant where nuclear warheads are made and must look for a new job. b. Because of the increased level of automobile imports, an employee of General Motors is laid off but expects to be called back to work soon. c. All of the below or above individuals...
Question 5 0.03/0.1 pts Which of the following groups are considered unemployed in the u-6 unemployment...
Question 5 0.03/0.1 pts Which of the following groups are considered unemployed in the u-6 unemployment rate calculation? (check all that apply) ✓ workers who are marginally-attached to the labor force part-time workers looking for full-time positions discouraged workers retirees
Which one of the following people would NOT be counted as "unemployed"? Question 6 options: (A)...
Which one of the following people would NOT be counted as "unemployed"? Question 6 options: (A) A young mother on welfare who can't work because her husband left her and she has no one else to take care of her children. (B) A recent high-school graduate who quit his first job working in a grocery store so that he can apply for jobs that better fit his interests and start right away if he gets an offer. (C) A student...
macroeconomic Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not...
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
3. Types of unemployment The three people described in the following table are categorized as unemployed...
3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identily each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Beth is a real estate agent House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. 0 0 0 Sam left his...
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the...
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are dissatisfied with their current jobs and are considering quitting. They have given up on looking for a job. They are counted as part of the labor force by the Bureau of Labor Statistics. They are full-time workers who would like to work only part-time. The following table contains U.S. employment...
Question 15 1 pts Official unemployment is identified as when: a worker leaves her job to attend school full-time. O a worker who is not currently employed is searching for a job unsuccessfully. O a worker retires from her job. a worker who is not currently employed stops searching for a job because she feels there is no job available for her. a worker who is not currently employed stops searching for a job. Question 16 1 pts The main...
Which of the following individuals would be considered unemployed by the official government definition? Select one: O a. George, a mathematician, who returned to graduate school after failing to find a job the last four months b. Gwen, a medical student, who is still in college and is not working c. Morgan, who is employed part-time but desires a full-time job d. Ralph, an auto worker vacationing in Florida during a layoff at a General Motors plant O
Which of the following is a shortcoming of the unemployment
rate?
Choose one or more:
A. There are too few observations collected monthly. The
small sample size causes inaccurate measurements.
B. Temporary workers are not counted as
employed.
C. If someone is working at a lower-paying job but is
qualified for a higher-paying job, he/she is counted as
unemployed.
D. The unemployment rate does not include discouraged
workers.
Which of the following can lower the level of frictional
unemployment over...
QUESTION 22 Which of the following people are not considered part of the official US labor force? a 20 year old working part-time while attending college a person who lost his job and gives up looking for a new one a laid-off steel worker a free-lance blogger QUESTION 23 Who gains from unexpected inflation? savers lenders retired people on fixed incomes borrowers QUESTION 24 If the nominal interest rate is 8% and the inflation rate is 2%, then the real...
Using the definition of unemployment, which of the following individuals would be unemployed? Select one: a. Because of a reduction in the military budget, your next door neighbor loses her job in a plant where nuclear warheads are made and must look for a new job. b. Because of the increased level of automobile imports, an employee of General Motors is laid off but expects to be called back to work soon. c. All of the below or above individuals...
Question 5 0.03/0.1 pts Which of the following groups are considered unemployed in the u-6 unemployment rate calculation? (check all that apply) ✓ workers who are marginally-attached to the labor force part-time workers looking for full-time positions discouraged workers retirees
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
3. Types of unemployment The three people described in the following table are categorized as unemployed by the Bureau of Labor Statistics. Identily each person in the table as structurally, frictionally, or cyclically unemployed. Unemployment Type Structural Frictional Cyclical Beth is a real estate agent House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. 0 0 0 Sam left his...
2. Discouraged workers Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are dissatisfied with their current jobs and are considering quitting. They have given up on looking for a job. They are counted as part of the labor force by the Bureau of Labor Statistics. They are full-time workers who would like to work only part-time. The following table contains U.S. employment...
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